A friend of mine doesn’t have any credit cards because their credit profile is in ruins.
However, it’s not the worst situation to be in. Since they have to utilize a debit card for everything, they can never create credit card debt.
5 Things To Try If You Suck At Credit Cards
Spend less than you earn.
Maintain only one credit card.
Only use up to 10% of your credit card limit.
If none of these options work for you, don’t use a credit card.
If you can’t make a purchase with cash, don’t make the purchase at all.
Credit cards are such excellent tools that I’ve rarely used a debit card since I got my first one after graduating college.
But if you struggle with using credit cards responsibly, why place yourself in a compromising position?
Avoid credit cards altogether and save yourself years of paying off debt if you find it challenging to successfully and prudently manage a credit card.
Read My Most Popular Finance Article: 25 Extreme Personal Finance Tips